Friday, Feb 29, 2008
Gold, Silver and Platinum Prices Surging in Pounds Sterling (GBP)
Safe Haven: Gold Investments Market Update
Interesting article on Safe Haven regarding the precious metal markets and there is a chart showing the surging price of gold in GBP. Showing that gold's strength is not just a function of dollar weakness as some would have you believe.
The FT reported today that Barclays said "Commodity prices are going up in all currencies. Supply losses, strong demand and low inventory levels are the key drivers, not exchange rates."
Gold and precious metals are the primary asset class that will protect rich and poor in the coming years.
Posted by gold silver @ 03:02 PM (409 views) Add Comment
4 Comments
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1. harold said...
It is interesting that the (FX) markets are increasingly treating the £ like the $, a development which does not bode at all well for inflation in the UK.
More Dukes of York on the gold market - very bumpy.
2. hpwatcher said...
and what does Gordon Brown think about the rising price of gold?
That idiot Andrew Marr had the chance to find out, but the fool blew it!
3. harold said...
Marr has the art of appearing to be serious and challenging towards politicians down to a fine art. In reality, however, he's part of the political establishment, peddling the status quo.
4. alan said...
The Euro is doing well against the dollar too!